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21 Feb 2014
Flash: EUR/USD to trade slightly heavier - OCBC
FXStreet (Bali) - According to Emmanuel Ng, FX Strategist at OCBC Bank, EUR/USD may trade heavy today.
Key Quotes
"The EUR-USD may trade on a slightly heavier tone following price action with the pair expected to be bounded by the 55-day MA (1.3661) and the 1.3790 up top. The latest EZ economic readings remain sketchy and may well discourage undue optimism on the upside in the near term."
Key Quotes
"The EUR-USD may trade on a slightly heavier tone following price action with the pair expected to be bounded by the 55-day MA (1.3661) and the 1.3790 up top. The latest EZ economic readings remain sketchy and may well discourage undue optimism on the upside in the near term."